Posted on

Lexicon Pharma shares rally 48% premarket on positive trial of diabetes treatment

Shares of Lexicon Pharmaceuticals Inc. rallied a stunning 48% in premarket trade Friday, after the company reported positive results from a late-stage trial of a treatment for type 1 diabetes. The company said the Phase 3 trial of sotagliflozin met its primary endpoint, showing a statistically significant improvement in blood sugar control in patients with type 1 diabetes on a background of optimized insulin. The improvement was made without an increase in severe hypoglycemia, a serious health challenge in type 1 diabetes. Lexicon is working with Sanofi to develop the compound for use in type 1 and type 2 diabetes. Shares were up 15% in the year through Thursday’s close, while the S&P 500 has gained 7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

CAI expects overall exposure to Hanjin Shipping bankruptcy is about $2.6 million

CAI International Inc. said Friday it expects its overall exposure to the bankruptcy of South Korean shipping company Hanjin Shipping Co. Ltd will be limited to $2.6 million of accounts receivable related to income recognized before the third quarter. The transportation and logistics company said it has about 15,000 containers on lease to Hanjin, equal to $40 million of equipment exposure based on net book value. That’s equal to about 2% of the company’s rental revenue assets. “Based on our prior experience, we believe that most of our containers will be recovered,” CAI said in a statement. “Our units on lease to Hanjin were manufactured for CAI in our color, with our logo and markings, which should assist with recovery and re-leasing efforts.” The company said its insolvency insurance, which has a $2 million deductible, covers the value of unreturned containers, damage, recovery costs, and other expenses. Shares were not yet active in premarket trade, but are down 14% in the year so far, while the S&P 500 has gained about 7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

CFPB levies $100 million fine against Wells Fargo

By swheeler@housingwire.com The Consumer Financial Protection Bureau levied the largest fine in its history — $100 million — against Wells Fargo Thursday for the “widespread unlawful” practices of employees who opened more than 2 million fake depository and credit accounts to get sales bonuses. These accounts, opened under existing customers’ names without their knowledge, often racked up fees or other charges. …read more

From:: Real Estate Wire

Posted on

Serena Williams upset in U.S. Open semifinals

Serena Williams was ousted in the semifinals of the U.S. Open on Thursday night for the second year in a row. Williams, the heavy favorite, fell to 10th-seeded Karolina Pliskova of the Czech Republic 2-6, 6-7 (5). Williams was playing on back-to-back nights after winning a three-set quarterfinal match Wednesday. After her loss, Williams’ coach said she had injured her knee Wednesday. The loss denied Williams a record-breaking 23rd Grand Slam victory, and will end her 187-week reign as the world’s No. 1-ranked female player.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Mortgage Rates Dip, Might Bounce Higher

Interest rates on home loans were minimally lower this past week. But one indicator suggests fixed rates could jump over the next week.

The Primary Mortgage Market Survey from Freddie Mac had 30-year fixed rates averaging 3.44 percent in the week ended Sept. 8.

Thirty-year rates declined from the report from seven days earlier, when the average was 3.46 percent, and from 3.90 percent a year earlier.

…read more

From:: Financing

Posted on

RISMedia’s CEO Exchange Looks at The Evolution of the Real Estate Model

By Susanne Dwyer

Jon_Coile_85x100

Next week on September 13th and 14th, top real estate industry professionals will gather at the Harvard Club of New York City for RISMedia’s 2016 Real Estate CEO Exchange. This year, the focus of the Exchange is “Seizing the Day, Winning the Future.”

While the real estate market is on the upswing, economic uncertainty and impending change in Washington make some industry professionals wary. RISMedia’s 2016 CEO Exchange will address how agents can thrive in the present market, while planning for the future.

The Exchange will feature dozens of notable panelists, all excited to share their insights with their fellow real estate professionals.

Here’s a look at one of the panels scheduled for 3:45 on Tuesday, September 13th.

The Evolution of the Real Estate Model: What’s Working and Why

From concept companies that have abandoned the traditional brokerage business model to veteran brokers who have successfully evolved their firms to meet changing market demands, get a look under the hood at some of the organizations that are taking a different approach to succeeding in real estate.

Moderator:
Jon Coile, President & CEO, Champion Realty, Inc.

Panelists:
Leonard Steinberg, President, Compass

Chris Lim_85x100Chris Lim, Founder & CEO, Climb Real Estate

Dean_deTonnancourt_85x100Dean deTonnancourt, Broker/Owner, HomeSmart Professionals

John_Vatistas_85x100John Vatistas, Founder & CEO, Launch Real Estate

Vince_Leisey_85x100Vince Leisey, President, Berkshire Hathaway HomeServices Ambassador Real Estate

…read more

From:: Finance and Economy

Posted on

RISMedia’s CEO Exchange Looks at the Evolution of the Real Estate Model

By Susanne Dwyer

Jon_Coile_85x100

Next week on September 13th and 14th, top real estate industry professionals will gather at the Harvard Club of New York City for RISMedia’s 2016 Real Estate CEO Exchange. This year, the focus of the Exchange is “Seizing the Day, Winning the Future.”

While the real estate market is on the upswing, economic uncertainty and impending change in Washington make some industry professionals wary. RISMedia’s 2016 CEO Exchange will address how agents can thrive in the present market, while planning for the future.

The Exchange will feature dozens of notable panelists, all excited to share their insights with their fellow real estate professionals.

Here’s a look at one of the panels scheduled for 3:45 on Tuesday, September 13th.

The Evolution of the Real Estate Model: What’s Working and Why

From concept companies that have abandoned the traditional brokerage business model to veteran brokers who have successfully evolved their firms to meet changing market demands, get a look under the hood at some of the organizations that are taking a different approach to succeeding in real estate.

Moderator:
Jon Coile, President & CEO, Champion Realty, Inc.
Panelists:
Leonard Steinberg, President, Compass
Chris Lim_85x100 Chris Lim, Founder & CEO, Climb Real Estate
Dean_deTonnancourt_85x100 Dean deTonnancourt, Broker/Owner, HomeSmart Professionals
John_Vatistas_85x100 John Vatistas, Founder & CEO, Launch Real Estate
Vince_Leisey_85x100 Vince Leisey, President, Berkshire Hathaway HomeServices Ambassador Real Estate

…read more

From:: Real Estate News

Posted on

Low Mortgage Rates Spur Refinancing

By Susanne Dwyer

Average fixed mortgage rates moved slightly lower for the week. helping to spur ongoing refinance activity, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®).

The 30-year fixed-rate mortgage (FRM) averaged 3.44 percent with an average 0.6 point for the week ending September 8, 2016, down from last week when it averaged 3.46 percent. A year ago at this time, the 30-year FRM averaged 3.90 percent.

The 15-year FRM this week averaged 2.76 percent with an average 0.5 point, down from last week when it averaged 2.77 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.81 percent this week with an average 0.4 point, down from last week when it averaged 2.83 percent. A year ago, the 5-year ARM averaged 2.91 percent.

“The 30-year fixed-rate mortgage fell 2 basis points to 3.44 percent this week,” says Sean Becketti, chief economist, Freddie Mac. “As mortgage rates continue to range between 3.41 and 3.48 percent, many are taking advantage of the historically low rates by refinancing. Since the Brexit vote, the refinance share of mortgage activity has remained above 60 percent.”

For more information, visit www.FreddieMac.com.

…read more

From:: Finance and Economy